Successful placement of bond issue

Reference is made to the notification dated 25.06.2012 regarding a potential new bond issue by Ocean Yield AS, a 100% owned subsidiary of Aker ASA.

The senior unsecured bond issue of NOK 600 million with expected maturity date on 6 July 2017 has now been successfully completed.

Reference is made to the notification dated 25.06.2012 regarding a potential new bond issue by Ocean Yield AS, a 100% owned subsidiary of Aker ASA.

The senior unsecured bond issue of NOK 600 million with expected maturity date on 6 July 2017 has now been successfully completed.

Settlement date is expected to be 6 July 2012. An application will be made for the bond to be listed on Oslo Børs. Proceeds will be used to finance growth and for general corporate purposes. The bonds will have a floating coupon of 3 month NIBOR + 6.50%.In connection with the placement of the new bond issue, Ocean Yield AS has subscribed for NOK 100 million of the total issue volume of NOK 600 million.

DNB Markets and Pareto Securities acted as lead arrangers of the bond issue.

Company contact:
Lars Solbakken, CEO, Ocean Yield AS +47 24 13 01 90

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)